Last Update: 08/18 2017 06:00 JST

Business and Economy

Selected stories from Japan's leading economic news service

This section provides selected stories from Nikkei Asian Review, a subscription-based English news service of Nikkei, Inc. Please click on the above logo to find more details.

  • Dai-ichi Life plots return to foreign property markets 08.18.2017

    Dai-ichi Life Insurance will buy into overseas real estate for the first time in 26 years next month, looking further afield for new sources of yield as the Bank of Japan's negative-interest-rate policy squeezes returns. The core Dai-ichi Life Holdings unit will invest 10 billion yen [$90.2 million] this fiscal year in a fund of funds, a first for a Japanese life insurer. >>

  • Twin towers to replace Toshiba head office in Tokyo 08.18.2017

    A site that now houses the headquarters of Toshiba and its surrounding area in Japan's capital will be reborn as a pair of skyscrapers under a plan released Tuesday, August 15 by Nomura Real Estate Development and East Japan Railway. The redevelopment plan was conceived around the summer of 2014, before the accounting scandal that started Toshiba on the road to its current financial crisis. >>

  • Japan readies certification for healthier office buildings 08.18.2017

    Japanese employees could enjoy a better work environment as their government plans to roll out a certification system aimed at promoting healthier and more comfortable offices by next fiscal year. Buildings will be audited on roughly 100 criteria in categories such as ventilation, lighting, water supply, meals, movement, overall health and general comfort. The structures will receive certification if they meet numerical targets in these areas. >>

  • INTERVIEW: Japan's tallest building won't be a towering risk 08.18.2017

    Mitsubishi Estate is bullish about plans to erect Japan's tallest building by fiscal 2027 in a prime Tokyo commercial hub, claiming it has learned from another skyscraper project that suffered steep losses. Junichi Yoshida, the Japanese real estate developer's CEO, told The Nikkei how he perceived the potential risks to the new skyscraper. >>

  • Sumitomo Realty's stock flies high as rivals flounder 08.18.2017

    Sumitomo Realty & Development is beating out its two closest domestic rivals in the stock market, thanks to its offbeat and forward-looking approach to office leasing and condominiums. While Sumitomo Realty's share price has shot up 15% since the end of March, fellow property developer Mitsui Fudosan climbed only 3%, and Mitsubishi Estate went in the other direction, dropping 3%. >>

  • Singapore's MetroResidences steps into Japan's serviced-apartment biz 08.10.2017

    Singapore-based broker MetroResidences will begin to place travelers in serviced apartments in Japan, hoping to attract foreign customers searching for alternatives to hotels and vacation rentals.>>

  • Mori Building has lofty ambitions for Asian skylines 08.10.2017

    Mori Building will construct a skyscraper in Southeast Asia in its first foray abroad in nearly a decade, even as it works on an ambitious project at home to help draw global finance firms to Tokyo.>>

  • Asian global property investment hits record 08.10.2017

    Asian investors are increasingly buying into bricks and mortar abroad, with real estate capital flows from the region hitting record highs in the first half of this year. Five of the 10 largest cross-border spenders globally are now from Asia, whose investors spent $19.5 billion on inter-regional property investment in the first six months. That represented a 71% jump from a year ago, according to a report by property consultancy JLL. >>

  • Japan's hotel room crunch might be a glut 08.10.2017

    Japan is fretting about running out of hotel rooms as foreign tourist numbers surge and as the capital prepares to host the 2020 Olympics. But do entire countries really light up the "sorry, no vacancy" sign? A recent survey by a Tokyo-based real estate service company says Japan has nothing to worry about. It shows that by 2020 or so eight major cities will experience a combined increase of about 60,000 hotel rooms, 26% more than the current level. >>

  • Japan's classic hotels unite to increase overseas visibility 08.04.2017

    Nine major Japanese hotels established before World War II are kicking off a joint marketing blitz and enhancing services to lure more foreign tourists. The hotels will form an association and start joint promotional activities in autumn. They also plan to exchange staff and have employees spend nights in each other's establishments to discover ways to improve services across the group. >>


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